Schedule 1299-B - Enterprise Zone Or Foreign Trade Zone (Or Sub-Zone) Subtractions (For Corporations And Fiduciaries)
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1Illinois Department of Revenue
Enterprise Zone or Foreign Trade
Schedule 1299-B
Zone (or sub-zone) Subtractions
/
(for corporations and fiduciaries)
Attach to your Form IL-1120 or IL-1041.
Tax year ending
–
Write your name as shown on your return
Write your federal employer identification number (FEIN)
Figure your subtractions
Enterprise Zone or Foreign Trade Zone (or sub-zone) Dividend Subtraction
Form IL-1041 filers only
A
B
C
Corporation’s name
Name of Zone
Dividend amount
1 a
a
b
b
c
c
2
Add Column C, Lines 1a through 1c. Write your dividend subtraction here and on your
2
Form IL-1041, Part I, Line 4e.
Form IL-1120 filers only (U.S. Forms 1120, 1120F, 1120L, and 1120PC)
3 a
a
Dividend deduction limitation amount (See instructions.)
b
b
Dividend deduction amounts (See instructions.)
• __ __ __ __ __ __
4
4
Divide Line 3a by Line 3b and carry to six decimal places. Write your limitation ratio here.
A
B
C
D
E
F
G
H
Name of
Domestic
(See
Column B
Public utility
(See
Column E
Other dividends
zone
corporations
instructions)
minus
corporations
instructions)
minus
(see instructions)
Column C (see instructions)
Column F
5 a
a
b
b
c
c
d
d
d
d Total Columns D, G, and H.
6
Add Line 5d, Columns D, G, and H. Write your dividend subtraction here and on your
6
Form IL-1120, Part I, Line 5b.
Contribution Subtraction
A
B
C
D
Name of zone
Zone organization
Contribution amount
Column C
2
X
7 a
a
b
b
c
c
8 Add Column D, Lines 7a through 7c. Write your contribution subtraction here and on your
8
Form IL-1120, Part I, Line 5c.
Interest Subtraction - Form IL-1120 financial organizations only
A
B
C
D
E
F
G
H
Borrower
Property by
Year of
Zone of
Basis of
Loan
Total
Column E ÷ by Column F
which loan
investment
secured
property
amount
interest
(cannot exceed “1”)
is secured
credit
property
Multiply result by Col. G
9 a
a
b
b
c
c
10
Add Column H, Lines 9a through 9c. Write your interest subtraction here and on your
10
Form IL-1120, Part I, Line 5d.
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to
provide information could result in a penalty. This form has been approved by the Forms Management Center. IL-492-0093
Schedule 1299-B Front (R-12/02)
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